Friday, June 3, 2011

Stock Market Overview for 6/3/11

During regular trading hours, there were many stocks that continued to break up to the upside. These stocks are usually going up with news.If you are looking to day trade today, you might want to check out the following stocks. I usually throw these on my watch list and monitor with resistance & support levels. Below are a list of stocks that I am watching for June 06,2011. Also check out my Top 2011 Stock Gainers, Stocks to Buy 2011.You can also check previous stocks to buy reports- Right Here

Top Stocks Performance of the day:These are stocks that continued to break up to the upside or down side. These stocks are usually going up or down with news or technical.If you are looking to day trade, you might want to check out the following stocks.

Scaling back from a 140-point drop, the Dow Jones Industrial DJIA -0.79% fell 97.29 points, or 0.8%, to close at 12,151.26. For the week, shortened by Monday’s Memorial Day holiday, the blue-chip average lost 2.3%, giving the index its longest weekly losing streak since July 2004.

The Standard & Poor’s 500 Index SPX -0.97% shed 12.78 points, or 1%, to end at 1,300.16, with telecom off the most and energy faring best among its 10 industry groups. The index has also fallen for five straight weeks, its longest weekly losing streak since July 2008.

The Nasdaq Composite Index COMP -1.46% declined 40.53 points, or 1.5%, to close at 2,732.78, leaving the index down 2.3% on the week.

Support for the SPX remains at 1291 and then 1280, with resistance at 1311 and then 1330.So we should trade small lot.Take a look all 1/5/15/60m chart if we want to trade this market.

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